Crude backs off record, but ends near 2-month high

SAN FRANCISCO (CBS.MW) -- Crude futures failed to reach a fresh record high above $42 a barrel, but still closed at their highest level in almost two months. September crude rose 40 cents to close at $41.84 a barrel on the New York Mercantile Exchange. Futures prices haven't closed out the session at a level this high since June 1, when the July contract closed at a record $42.33. Production concerns continued to rule trading, ahead of Wednesday's updates on petroleum supplies. August heating oil climbed 0.8 percent and August natural gas added 0.5 percent, but August unleaded gas fell 0.2 percent.

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